FARNES EIENDOM AS

3015 DRAMMEN

Finances

Return on Equity

−6,87 %

Current Ratio

0,07

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 144 000	975 000	1 979 000	1 051 000
Net Income	−365 000	−137 000	567 000	−110 000
Total Assets	10 310 000	10 355 000	10 369 000	9 469 000
Total Equity	5 313 000	5 678 000	5 815 000	5 249 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 144 000	975 000	1 979 000	1 051 000
Expenditure	1 462 000	1 154 000	1 109 000	1 028 000
Operating Profit	−318 000	−178 000	870 000	23 000
Financial Income	0	91 000	0	1 000
Financial Costs	150 000	114 000	143 000	164 000
Financial Balance	−150 000	−23 000	−143 000	−163 000
Earnings Before Tax	−468 000	−201 000	727 000	−141 000
Tax	−103 000	−64 000	160 000	−31 000
Net Income	−365 000	−137 000	567 000	−110 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 244 000	10 346 000	10 309 000	8 495 000
Total Current Assets	66 000	8 000	61 000	974 000
Total Assets	10 310 000	10 355 000	10 369 000	9 469 000
Total Retained Equity	4 813 000	5 178 000	5 315 000	4 749 000
Total Equity	5 313 000	5 678 000	5 815 000	5 249 000
Total Long-Term Debt	3 990 000	4 013 000	4 158 000	3 833 000
Total Current Debt	1 008 000	664 000	396 000	387 000
Total Equity and Debt	10 310 000	10 355 000	10 369 000	9 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 099 000	951 000	888 000	944 000
Other Income	45 000	24 000	1 092 000	107 000
Revenue	1 144 000	975 000	1 979 000	1 051 000
Cost of Goods Sold	0	0	0	42 000
Salary Costs	1 046 000	280 000	461 000	159 000
Depreciation	102 000	70 000	115 000	42 000
Impairment	0	0	0	0
Expenditure	1 462 000	1 154 000	1 109 000	1 028 000
Operating Profit	−318 000	−178 000	870 000	23 000
Financial Income	0	91 000	0	1 000
Financial Costs	150 000	114 000	143 000	164 000
Financial Balance	−150 000	−23 000	−143 000	−163 000
Dividends	0	0	0	200 000
Net Income	−365 000	−137 000	567 000	−110 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	9 517 000	9 583 000	9 525 000	7 662 000
Machinery and Plant Facilities	0	6 000	19 000	31 000
Fixtures	43 000	73 000	110 000	147 000
Total Tangible Assets	9 559 000	9 662 000	9 654 000	7 840 000
Total Fiancial Fixed Assets	685 000	685 000	655 000	655 000
Total Fixed Assets	10 244 000	10 346 000	10 309 000	8 495 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	8 000	68 000	744 000
Total Current Assets	66 000	8 000	61 000	974 000
Total Assets	10 310 000	10 355 000	10 369 000	9 469 000
Total Equity	5 313 000	5 678 000	5 815 000	5 249 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 990 000	4 013 000	4 158 000	3 833 000
Creditors	74 000	169 000	184 000	65 000
Unpaid Taxes	80 000	17 000	43 000	15 000
Dividends	0	0	0	200 000
Other Current Debt	854 000	463 000	124 000	62 000
Total Current Debt	1 008 000	664 000	396 000	387 000
Total Equity and Debt	10 310 000	10 355 000	10 369 000	9 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,87 %	−2,41 %	9,75 %	−2,1 %
Debt-to-Equity Ratio	0,75	0,71	0,72	0,73
Operating Profit Margin	−27,8 %	−18,26 %	43,96 %	2,19 %
Current Ratio	0,07	0,01	0,15	2,52
Quick Ratio	0,07	0,01	0,15	2,52
Equity Ratio	0,52	0,55	0,56	0,55
Gross Profit Margin	100 %	100 %	100 %	96 %